Cominco earnings dive in first half
Earnings for Cominco (TSE) in the first half of 1990 plunged to $40.3 million from the $141.3 million reported for the first half of the previous year. The drop in earnings was attributed to reduced v…
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IOCC GOLD OPTIONS (August 20, 1990)
Options Open Series Volume Last Interest Aug. 390 C 1,970 23.50 1,600 Aug. 400 C 1,975 7.50 2,004 Aug. 410 C 1,025 6.00 774 Aug. 420 C 1,708 4.00 1,064 Aug. 430 C 2,086 1.00 1,168 Nov. 400 C 1,076 25….
COATS (over the counter) July value down 72%
Looking at the monthly statistics for the over-the-counter exchange, it is painfully clear that junior mining stocks have taken a beating over the past year. While volumes have remained relatively ste…
Flag Resources in deal with Golden Briar
In a private placement, Calgary- based Golden Briar Mines (ME) has issued one million shares from treasury to Flag Resources (ASE) as payment for $150,000 owed to Flag by Golden Briar. Golden Briar Pr…
Gigi and Goldbelt start drilling
Drilling has started on the Trophy Gold Project owned by Goldbelt Mines (VSE). The property is in the Galore Creek area, 100 miles northwest of Stewart, B.C., and is under option to Gigi Resources (VS…
Star drilling a disappointment
The first phase of drilling on the Star property in southeastern British Columbia has been completed. Barkhor Resources (VSE) is earning a 50% interest in the property from Kokanee Resources (VSE) in …
Finland invites papers
Kaivos ’91, to be held in Helsinki, Finland, invites papers that study examples of “tomorrow’s mine and plant practice” and show “how to cut costs, improve productivity and increase safety.” The sympo…
Toronto Stock Exchange Indices (August 20, 1990)
Aug. 14 Aug. 13 Aug. 10 Aug. 9 Aug. 8 HIGH LOW Composite “300” 3497.52 3478.50 3476.61 3476.91 3476.04 4009.47 3334.13 Metals & Minerals3180.75 3177.39 3197.77 3232.36 3226.85 3453.06 2850.84 Integrat…
GOLD FUNDS (August 20, 1990)
MVP BGR Central Capital Net value $10.95 $5.72 $0.33 Price $9.625 $5.875 $0.19 Discount 1.21% 2.7% 42.4% Value $65,202,648 $98,842,763 N/A…
Noranda drills Todd Creek
A first phase 10-hole drill program was recently completed on the Todd Creek property, 28 miles northeast of Stewart, B.C. Goldnev Resources (VSE) has a 50% interest in the project, held under the ter…
Business Bureau warns of offshore investment scams
North American investors swept up in the new overseas investment craze would do well to temper their euphoria with the utmost caution, since a new breed of con artists is cashing in on the rush to glo…
Echo Bay’s production costs overshadow higher revenues
Following a disastrous first quarter, Echo Bay Mines (TSE) may be on the verge of a turnaround. For the three months ended June 30, the gold producer reported earnings of US$778,000, or 1 cents per sh…